Annual Report 2011 - PGS

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Responsibility Statement Today, the Board of Directors and the Chief Executive Officer reviewed and approved the Board of Directors’ report and the consolidated and separate annual financial statements for PGS ASA, for the year ending and as of December 31, 2011. PGS ASA’s consolidated financial statements have been prepared and presented in accordance with IFRSs and IFRICs as adopted by the EU and additional disclosure requirements in the Norwegian Accounting Act, and that should be used as of December 31, 2011. The separate financial statements for PGS ASA have been prepared in accordance with the Norwegian Accounting Act and Norwegian accounting standards as of December 31, 2011. The Board of Directors report for the group and the parent company is in accordance with the requirements of the Norwegian Accounting Act and Norwegian accounting standard 16, as of December 31, 2011. To the best of our knowledge: J J The consolidated and separate annual financial statements for 2011 have been prepared in accordance with applicable accounting standards. J J The consolidated and separate annual financial statements give a true and fair view of the assets, liabilities, financial position, and result of operations as a whole as of December 31, 2011, for the group and the parent company. J J The Board of Directors’ report for the group and the parent company include a true and fair review of: - The development and performance of the business and the position of the group and the parent company. - The principal risks and uncertainties the group and the parent company face. London, March 22, 2012 Board of Directors Petroleum Geo-Services ASA Francis Gugen Chairperson Harald Norvik Vice Chairperson Carol Bell Holly Van Deursen Annette Malm Justad Daniel J. Piette Ingar Skaug Jon Erik Reinhardsen Chief Executive Officer 66 PGS Annual Report 2011
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Operations Annual Report 2011 www.p
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Key Financial Figures Key Financial
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MultiClient revenues of USD 502 mil
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Operations Main Offices oSlo Petrol
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To optimize profitability and cash
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Letter from the CEO contributes to
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Introduction to business units tran
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Notes to the consolidated financial
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Notes to the consolidated financial
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Statements of Operations - PGS ASA
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Statements of operations - PGS ASA
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Notes to the financial Statements o
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Auditor’s report PGS Annual Repor
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Annual Report 2011 - PGS

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